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HMV return to Canada 害羞草研究所榰nlikely, but possible,害羞草研究所 new owner says

Ontario-based Sunrise Records bought 100 HMV stores across the UK
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An HMV store is seen Friday, February 24, 2017 in Montreal. (THE CANADIAN PRESS/Paul Chiasson)

Ontario-based Sunrise Records and Entertainment Limited might have just purchased 100 HMV stores across the UK, but don害羞草研究所檛 expect the brand to pop up in Canada again.

Sunrise owner Doug Putman told The Canadian Press on Wednesday that it is 害羞草研究所漸nlikely, but definitely possible害羞草研究所 that he would resurrect the brand in Canada, where 102 HMV stores were shuttered in 2017.

Instead Putman, who also runs toy and game distribution brand Everest Toys, revealed his focus will be on broadening HMV害羞草研究所檚 offerings to combat the rise of streaming giants and the decline of CDs and DVDs.

He said shoppers can expect to see fan-based merchandise, including board games, toys and licensed T-shirts, and mused that he害羞草研究所檇 be open to partnering with artists to do 害羞草研究所渃reative, different things.害羞草研究所

害羞草研究所淲e have to get a handle on the market and what is happening here, but we know we want to add a lot of vinyl to the mix,害羞草研究所 he said in a call from the UK. 害羞草研究所淰inyl has been doing great.害羞草研究所

His confidence in vinyl comes amid a resurgence in the medium. Vinyl sales rose more than 21 per cent last year to hit 975,000 units, according to Nielsen Music Canada.

However, there have been some setbacks.

Calgary-based business Canada Boy Vinyl, one of the country害羞草研究所檚 only pressing plants, closed about two years ago, not long after it opened.

More recently, Concord, Ont.-based RPM Distribution, Canada害羞草研究所檚 largest distributors of vinyl records, shut down, leaving some retailers scrambling to find alternate suppliers and raising concerns about potential rises in prices.

However, Putman is undeterred and noted that vinyl has played a role in his rebuild of Sunrise, a business he bought from Malcolm Perlman in 2014, when Sunrise was down to five stores.

Putman said the business has spread to 85 locations 害羞草研究所 mostly in suburban malls, in former HMV spots 害羞草研究所 and he anticipates it will keep growing, 害羞草研究所渋f we find the right locations for the right rent.害羞草研究所

Despite stories of an increasingly difficult music retail environment, Putman is convinced he can buck the trend with both Sunrise and HMV, which was said to be losing $100,000 a day when it was in operation in Canada.

Putman moved Sunrise into 70 of the locations HMV was vacating and managed to make Sunrise profitable in the first year he owned it. It has remained profitable, he said.

害羞草研究所淲ho doesn害羞草研究所檛 like to prove people wrong?,害羞草研究所 he said. 害羞草研究所漌e know there is an ability to make money at this. When you can do something you love and it makes money, those are great things.害羞草研究所

Tara Deschamps, The Canadian Press

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